ED raids Karnataka Excise officials, seizes assets worth ₹13.3 crore in money laundering probe
The Enforcement Directorate (ED) in India has raided multiple locations linked to Karnataka Excise officials following allegations of a corruption and money laundering racket. Investigators claim officials accepted bribes for liquor licenses and laundered the proceeds through benami assets and family-controlled businesses.
Why it matters
This investigation highlights systemic corruption within state-level regulatory bodies and the government's efforts to curb financial crimes.
The Directorate of Enforcement (ED), Bengaluru zonal office, conducted searches at 14 locations across Bengaluru, Mysuru, and Belagavi on Wednesday under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an alleged corruption racket in the Karnataka Excise Department.
The report relies on official statements from the ED and Lokayukta, maintaining a factual tone regarding the ongoing investigation.
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